We have switched to PSFinancials from FMS.
Finance team struggled like blazes but are getting to grips with it now after 5 months.
Technically it can be a pain.
I setup a new server for it, server2008R2 and PSF did the install and config. The web based bit aint to bad but the application can run slow as can doc emailer.
Im currently testing it on 3 PC and 2 laptops to try and find out why its so slow and I havnt got a clue whats going on.
Brand new server, nothing else running on it, brand new Vostro 3750 laptop that runs SIMs and FMS fine, PSF grind grind wait a few minutes.
Click on a drop down and wait 30 seconds and get a not responding message. PSF seem to have stopped talking to me now as I dont get a response to my emails.
All those years I hated FMS and right now I would chew my right arm off to have it back and yes the new FMS does do VAT and all the rports mentioned above.
Our local LA SIMs support team say loads of people are thinking of going back to FMS or already have but then I suppose they would say that.
GOOD LUCK and if it aint broke dont fixit especially when it will cost you well over £20,000 in the first year.
We are likely to be heading down the Corero route as its integration with systems we use / will be using, such as Serco Progresso is a great feature :)
Not looked into it in much detail yet, but our early indications are to move away from FMS to Corero too.
Problem with moving from a system such as FMS is not only the amount of time it's going to take to adjust and train on new system, but can any data be transferred across too? What happens if you need access to records from FMS?
The data is regarding an LA school. When you access it (I'm hoping only a read-only copy too) you are acting as a LA school. My argument anyway.
True, but whether it'll work like that is a different matter? The LA aren't going to keep a license sitting there for you just so you can open your data are they?
LA owes the license as I understand it, doesn't need to be upgrade. Plus your LA will need to run down your old system anyway for VAT etc. Plus then you enter the whole legal financial data retention, if Capita say you can't they would be legal required to provide a way of exporting all the required data, which lets face it, isn't going to happen.
I wouldn't select FMS as your Finance system because of historical data, when you become an Academy is the perfect time time to move. Personally stick with FMS because it's the best solution for the finance team and the Academy. Not for technical reasons. Capita will one day sort them all out (and most likely release a newer version with more holes to fill)
We use PS financials across 22 academies, works ok.
At my governor school we're comparing:
Dimensions for Academies | Hoge Business Systems
Resource Financials | Corero
Academy Accounting Software | PS Financials
Financial Management For Schools | capita-sims.co.uk
Any others we ought to be thinking of?
I'm looking at School Fund Manager from Pebble, and recently came across these others Innovate My School - Financial / Accounting Software from which you have Corero on your list, perhaps only Pearson is a fully fledged package not on your list.
The other option i suppose is to go the SAGE route, not sure how much cheaper or complex that is.
If anyone has already reviewed them and knows the differences please share.
I guess it is all a changing landscape now, Academies are more responsible than ever for the budgets and financials. SAGE is the market leader in Financial Management Systems so it must be doing something right.